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A Theory of Efficient Cooperation and Competition

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Hardcover | 11 January 1988

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Hardcover
320 Pages

Dimensions(cm)
22.9 x 15.2 x 1.9

Hardcover

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This book looks at competition in a new way. It attacks the notion that competition always leads to good results and that more competition is better. It also attacks the notion that cooperation is always harmful. An efficient economic equilibrium requires an optimal combination of both cooperation and rivalry. Telser first examines the genesis of certain late nineteenth-century laws that affected competition in the United States. Going on to give new theoretical insights into cooperation and rivalry, he shows when unrestricted competition can lead to an efficient equilibrium, as well as when restrictions on competition can provide for the same. The tensions between these two forces are especially pertinent to the study of innovation--the more costly it is to protect the property rights of ideas, the greater is the reliance on secrecy, and hence, the more likely is the wasteful duplication of results.

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Non-Fiction Economics Economic Systems & Structures Industry & Industrial Studies Economic Theory & Philosophy Economic History Business & Management

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Paperback

Published: 9th March 2006

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List of tables
Preface
Prologue
Perceptions and reality: the genesis of the Sherman act
Competition, cooperation, and efficiency
Stable coalitions
Equilibrium with decreasing average cost: an application of the theory of the core illustrated by production and exchange among spatially separated markets
A theory of self-enforcing agreements
Some new results on duopoly applied to theories of Cournot, Bertrand, and Edgeworth
Rivalry by means of innovation
References
Index
Table of Contents provided by Publisher. All Rights Reserved.

A Theory of Efficient Cooperation and Competition

At a Glance

Hardcover

Shipping

How to return your order

Defective items

You Can Find This Book In

Other Editions and Formats

Paperback

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